It has not been this sharp since November 2016, but even then the dollar only gained 11 yen. Now, for the period from March 9 to April 27, the yen has decreased in value against the dollar by 15 units, and this is definitely not the limit. Firstly, the rise in the FRS rate has a positive impact on the dollar rate, and given the current soft policy of the Central Bank of Japan, the growth of the American currency will continue further. Secondly, technically, a flag is clearly formed on the chart, and if the figure is completed, then by the end of June the yen will try to consolidate sideways at 125-130 units per dollar, and after that it will rewrite the lows, first from 2002, and then from 1998, by 135 and 145 to the dollar, respectively.
Guillaume Hébert
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since Jan 02, 2020
About Guillaume
My passion for mathematics has led me to develop a strong interest in the workings of the forex market which has enabled me to develop and refine a trading strategy. I look to buy or sell an asset based on my calculated assessment of its value that depends on a variety of factors. I am particularly interested in market under/over-reactions to global events. Please consider copying my trades if you're interested in my strategy.
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Portfolio strategies by Guillaume
Analytics by Guillaume
The yen continues to retreat deeper
by Guillaume Hébert | May 30, 2022
Japan in anticipation of the consequences of the earthquake
by Guillaume Hébert | March 21, 2022